The countries responsible for 88% of global emissions, including large emitters in Asia, have pledged net-zero emissions by 2050, yet current efforts are insufficient. Integrating trade policies with climate initiatives could break the gridlock and bring us closer to this crucial goal.
These charts illustrate Asia and the Pacific’s growing role in production and trade, which are key drivers of climate change-related emissions. To reach net zero, Asian countries need to take action immediately.
Climate change is creating uncertainties for companies around the world. With the right policies, governments can help them to navigate tumultuous times and support green transformation.
Facing global supply chain challenges, the Indo-Pacific Economic Framework promotes economic cooperation among 14 economies, strengthening supply chain resilience, fostering innovation, and driving growth.
Persistent, high levels of nonperforming loans could undermine bank lending and economic recovery in Asia’s developing countries.
Profound impacts are already being felt due to school closures in Asia. Urgent action is needed to limit further damage to students and the broader economy.
Interest rate hikes in the United States would exert significant impacts on Asian economies through trade, exchange rates, and financial markets.